Ball rolls on DMIC project, Cabinet note moved
New Delhi: Paving the way for big ticket infrastructural development, the Commerce and Industry Ministry sets the ball on roll for the USD 90 billion Delhi-Mumbai Industrial Corridor (DMIC), as it moved the cabinet note.
The note which now awaits the approval from the Union Council of Ministers, will give a leg-up to the process of infrastructure development and will set the tone for major decision making.
According to media reports, the Commerce and Industry Minister Anand Sharma has signed the file for the DMIC cabinet note and the inter-ministerial consultations on this have also been completed.
The project which aims to set-up an Industrial corridor along the Delhi-Mumbai stretch will comprise of a number of new cities, industrial parks, airports and expressways.
With the perspective plan for the entire DMIC region being completed by the government, it is predicted the entire project cost will boil down to acquisition of land and infrastructure development.
Once on effect, the project will usher good news as it will improve the economic blueprint of the country by creating new employment avenues and attracting fresh FDIs.